deal on the land and construction. Just think, by this time next year you could be living in your dream home – maybe it's time to get those sketches back out . . ."More builders are getting into the custom home business because there is more profit and less risk that units will go unsold. The custom share of the market tends to go up during down times, while production building peaks during boom times, according to Steve Melman, an economist with the National Association of Home Builders.
Toll Brothers, K. Hovnanian and many other large builders are rolling out 'build on your own lot' programs in select markets, something few of them have ever done before. Because large builders can provide both custom and semi-custom homes at relatively low prices, they are putting pressure on small custom builders.
Some small builders are responding by joining co-op buying groups. These groups can reduce the costs of building a home by an estimated 4 percent to 8 percent."
For the full Realtor Magazine article: http://www.realtor.org/RMODaily.nsf/pages/News2008072803?OpenDocument
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